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Paul’s Substack

Paul Jacobson

My personal Substack largely about the Canadian economy.

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Substack
PricingOnly free issuesPublishesWeekly
Issues103Founded3 years agoLast Issue5 days ago
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Latest Issues

Payroll through 2026-06

Headlines

The monthly payroll (SEPH) Daily starts with a chart really showing that not much is happening. Annual growth is only 0.8% in total payroll employment. Short-term variation is not exciting given the survey (partial) nature of t...

5 days ago

Consumer Prices through 2026-07

Headline

Starting points make comparison fun. Gasoline and energy prices thanks to Trumpian stupidity are providing lots of movement.

The high import content of clothing and many household items makes their price change very sensitive t...

15 days ago

Labour Force Survey through 2026-07

Headlines

There is much positive data in the Canadian aggregate trends given the MAGA horror to our south. Strong growth in ON and BC contributed to the national picture. However, consistent results cannot be expected or assumed across t...

25 days ago

Merchandise Trade through 2026-06

Headline

If we are going to talk about nominal merchandise flows, we might as well show that the US which now takes only 69.5 % of our merchandise exports (p20).

That share is highly influenced by energy prices.

I have used the annual...

a month ago
1

GDP - Industry - through 2026-05

Headlines

For an export-oriented economy with aggressive trading partners, things could look much worse for Canada. Business sector services contributed a bigger share to aggregate GDP than the good sectors.

The growth rates (0.6% goods...

a month ago

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  • Paul Jacobson

    Retired Economist - making his analysis available as a public service.

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